Is this the end for internet sports betting and internet poker?
On July 11, 2006 the House Of Representatives declared a crackdown on Internet gaming that could prohibit not sports gambling but in addition on the web casino and poker games. Once more big brother has been flexing their political muscle and dictating to the American people that they understand very well what is best for them. Actually though, is the U.S. Government does not have a hand in this cash cow pie. They can not regulate it, they can’t benefit as a result and for that reason they must abolish it. This is just a multi billion dollar industry which the U.S. is not really just a part of.
The ramifications of Mpo11 a multi billion dollar industry in the society are so enormous, which you could not comprehend the entire fall out that could occur should the prohibit become law. Individuals who bet on sports will continue to gamble on sportsbetting. We will undoubtedly see that an increase of Under Ground Bookies. You knowthe guys at the back part of the pizza shop with 25 phone lines ringing off the hook. Perhaps we’ll quickly see more coordinated poker matches at the back room of your local pool hall. Maybe your neighbor will set up a miniature casino at the cellar of the home and invite you over for many Baccarat. All of these are plausible scenarios. Not one of which can be desirable or beneficial to society. The point is that those who like gaming will discover a way to gamble. The U.S. Government is just making it dirtier in order for them to do so.
The real impact will probably likely be felt by people that are directly and indirectly associated with online sports books, casinos and poker rooms. These are some very huge Companies with some rather large marketing budgets. Countless millions of dollars have been spent on their internet advertising campaigns . Searchengines like Google and Yahoo will undergo an immense reduction of revenue should this bill become law. There’ll not be a demand for those businesses to advertise in newspapers or magazines, on the radio or television. Every one of the revenue generated through these Companies marketing campaigns will evaporate over night.
There are also thousands of web site organizers on the Internet that feed off of these on the web gaming houses. A lot of which make their coping with affiliate programs which a number of the poker rooms and sports books offer. It will soon be these on the web entrepreneurs that will be affected the most. Not only will they lose the revenue that’s generated through online betting but they will lose whatever they have spent in the creation, optimization and promotional initiatives related to their websites.